TK Maxx builds upon Queensgate success

Lendlease and Invesco Real Estate, the global real estate investment manager, have announced that popular fashion and lifestyle brand, TK Maxx will join the retail offer at Queensgate Shopping Centre in March 2020, opening formally in mid 2021. They will become the latest in a string of both international and independent brands to join the centre.

TK Maxx have secured a 37,500 sq ft unit on Queensgate’s Upper Mall where they will bring a vast selection of luxury and well-loved brands and add to their extensive presence across Europe. The store’s flexible no-walls design allows departments to expand and contract to reflect the latest trends and changing consumer tastes.

News of the move follows a successful 2019 for Queensgate Shopping Centre, during which John Lewis & Partners’ unveiled their new-look store. A £21 million investment enhanced its layout across 134,942 sq ft of prime retail space. The new look John Lewis & Partners store forms part of a wider £60 million extension for Queensgate, anchored by a ten-screen Empire Cinema. The extension will provide a further 77,000 sq ft of prime retail and restaurant space, and is set to be completed by Autumn 2021.

Several high-profile brands opened their doors in Queensgate last year including Skechers, Swarovski, Deichmann and Disney. They took 16,196 sq ft of space, whilst the centre also welcomed independent local gastropub, Tap & Tandoor.

Guy Thomas, Head of Retail at Lendlease, said: “This is an extremely exciting period for Queensgate, during which a significant investment is being made in the Centre. Having new retailers signing up to join us is testament to our aim of successfully positioning Queensgate as the dominant retail space in its catchment area. Our goal is to provide an unrivalled retail and leisure line-up, which provides visitors with an improved experience in preparation for the wider extension plans for Queensgate.”

Gary Rowntree, Partner and Head of Branch John Lewis & Partners Peterborough, added: 'We are pleased that the full shop refurbishment is almost complete, and we have already opened exciting new features such as our Style Studio and the World of Design. The revamp was a significant investment and the largest spend on a store across our shop estate last year. Customers want more than just products, they want a destination and the new-look shop offers just that, with service-led experiences at its heart.'    

CBRE and Time Retail Partners represented Queensgate, Morgan Williams acted on behalf of TK Maxx.

Ends